3 IntroductionThis paper presents one approach for modeling the educational processes as a value added chain. We attempt to interpret and compile existing business, governance and education processes reference models and suggest an example Academic Chain Operation Model (ACOM). The latter can be used to develop an Academic Chain Operation Reference Model (ACORM) in the same way it is with already established business models.

20 ConclusionOur dynamic life requires from us to implemented new educational methods and forms, according to various existing needs. The elements of ACOM have been developed to model the academic activities associated with selected phases of the educational process. It shows the approach how to model and simulate educational activities and in this way to satisfy the learner's demand and to synchronise activities between educational institutions.

21 *Acknowledgement*The work on this chapter has been sponsored by the TENCompetence Integrated Project that is funded by the European Commission's 6th Framework Programme, priority IST/Technology Enhanced Learning. Contract (www.tencompetence.org)